July 2016
Results Announcement
- 7 Jul 16 : SPHREIT (Updated)
- 13 Jul 16 : SB REIT (Updated)
- 14 Jul 16 : FirstREIT (Updated)
- 15 Jul 16 : FCT (Updated)
- 18 Jul 16 : Keppel DC REIT (Updated)
- 18 Jul 16 : KIT (Updated)
- 19 Jul 16 : KeppelREIT (Updated)
- 20 Jul 16 (AM) : CCT (Updated)
- 20 Jul 16 : AscottREIT (Updated)
- 20 Jul 16 : CLT (Updated)
- 21 Jul 16 : A-REIT (Updated)
- 21 Jul 16 : Suntec (Updated)
- 22 Jul 16 (AM) : Cambridge (Updated)
- 22 Jul 16 (AM) : CMT (Updated)
- 22 Jul 16 : FCOT (Updated)
- 22 Jul 16 : Sabana (Updated)
- 22 Jul 16 : a-iTrust (Updated)
- 25 Jul 16 : Fortune (Updated)
- 25 Jul 16 : MLT (Updated)
- 26 Jul 16 (AM) : AIMSAMPReit (Updated)
- 26 Jul 16 (AM) : PLife (Updated)
- 26 Jul 16 : MCT (Updated)
- 26 Jul 16 : MIT (Updated)
- 27 Jul 16 (AM) : VIT (Updated)
- 27 Jul 16 (AM) : CRCT (Updated)
- 27 Jul 16 : HPHT (Updated)
- 29 Jul 16 (AM) : FE-HTrust (Updated)
- 29 Jul 16 (AM) : CDL H-Trust (Updated)
- 29 Jul 16 : MGCT (Updated)
- 29 Jul 16 : FHT (Updated)
- 29 Jul 16 : YTL Starhill (Updated)
- 1 Aug 16 : OUE H-Trust
- 2 Aug 16 : OUE C-REIT
- 3 Aug 16 : Religare
- 4 Aug 16 : LMIR
- 4 Aug 16 : A-HTrust
- 4 Aug 16 : FSL
- 5 Aug 16 : Rickmers
- 10 Aug 16 : IREIT Global
- 12 Aug 16 (AM) : APTT
- 26 Aug 16 (AM) : CRT
REITs : Average Yield = 6.899% (Excludes Saizen)
REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
SoilbuildBizREIT |
Q2 – Jun16 |
$0.670 |
1.565 |
9.343% |
$0.790 |
35.90% |
Industrial (11) : Business Park 34% + Industrial 66% by NPI |
Sabana REIT |
Q2 – Jun16 |
$0.530 |
1.230 |
9.340% |
$0.800 |
41.20% |
Industrial (21) |
Cache Log Trust |
Q2 – Jun16 |
$0.865 |
1.989 |
9.249% |
$0.870 |
39.80% |
Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue |
Viva Ind Tr |
Q2 – Jun16 |
$0.765 |
1.750 |
9.200% |
$0.807 |
40.00% |
Biz Park (59%) + Light Industrial (25%) + Hotel (10%) + Logistics (6%) by Revenue |
Lippo Malls Tr |
Q1 – Mar16 |
$0.375 |
0.830 |
8.853% |
$0.379 |
35.70% |
Retail (Indonesia) – 19 |
IREIT Global |
Q1 – Mar16 |
$0.750 |
1.580 |
8.427% |
$0.616 |
43.10% |
Offices : Germany (5) |
Cambridge Ind Tr |
Q2 – Jun16 |
$0.550 |
1.078 |
7.840% |
$0.669 |
37.40% |
Industrial (51) |
AIMSAMP Cap Reit |
Q1 – Jun16 |
$1.470 |
2.750 |
7.721% |
$1.475 |
33.10% |
Industrial (26) : Singapore + Australia |
FHT |
Q3 – Jun16 |
$0.785 |
1.513 |
7.708% |
$0.800 |
38.30% |
Hotel (60.7%) + Serviced Apt (39.3%) : Australia (29%) + Singapore (27%) + UK (20%) + Japan (15%) + Malaysia (5%) + Germany (4%) by NPI |
OUE COMMERCIAL REIT |
Q1 – Mar16 |
$0.685 |
1.320 |
7.708% |
$0.910 |
40.50% |
Office (85.5%) + Retail (14.5%) by Revenue ; Singapore (78.2%) + China (21.8%) by Gross Rental Income |
Ascendas-hTrust |
2H – Mar16 |
$0.745 |
2.750 |
7.383% |
$0.860 |
32.70% |
Hotels (11) : Australia (54.5%) + Japan (21.3%) + Singapore (16.1%) + China (8.1%) by NPI |
Frasers Com Tr |
Q3 – Jun16 |
$1.340 |
2.410 |
7.231% |
$1.500 |
36.30% |
Singapore (55.3%) + Australia (44.7%) by NPI |
BHG Retail Reit |
Q1 – Mar16 |
$0.685 |
1.500 |
7.136% |
$0.800 |
29.50% |
Retail (China) – 5 |
Ascott Reit |
1H – Jun16 |
$1.130 |
3.875 |
7.091% |
$1.320 |
41.00% |
Serviced Apts (90) : Key Mkt (87.9%) + R.O.W (12.1%) by Valuation |
CapitaR China Tr |
1H – Jun16 |
$1.525 |
5.320 |
7.016% |
$1.550 |
29.20% |
Retail (China) – 10 |
Mapletree Log Tr |
Q1 – Jun16 |
$1.055 |
1.850 |
7.014% |
$1.000 |
35.70% |
Industrial (118) |
Far East HTrust |
Q2 – Jun16 |
$0.640 |
1.010 |
6.969% |
$0.929 |
32.80% |
Hotels (64.4%) + Commercial (22.0%) + Serviced Apts (13.6%) by Revenue |
Mapletree GCC Tr |
Q1 – Jun16 |
$1.075 |
1.850 |
6.884% |
$1.183 |
40.10% |
Retail + Office : HK (67.8%) + China (32.2%) by NPI |
OUE Htrust |
Proforma FY15 (Rights) |
$0.730 |
4.890 |
6.699% |
$0.810 |
37.80% |
Hotel (79.2%) + Retail (20.8%) by NPI |
CDL Htrust |
1H – Jun16 |
$1.470 |
4.450 |
6.680% |
$1.573 |
36.30% |
Hotels : Singapore (61.3%) + Australia (11.2%) + Maldives (8.9%) + NZ (8.1%) + Japan (4.6%) + UK (5.9%) by NPI |
First REIT |
Q2 – Jun16 |
$1.300 |
2.110 |
6.531% |
$1.031 |
34.40% |
Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
StarhillGbl Reit |
Q4 – Jun16 |
$0.800 |
1.290 |
6.475% |
$0.910 |
35.00% |
Retail (86.6%) + Office (13.4%) ; Singapore (61.9%) + Australia (22.6%) + Malaysia (12.1%) + China (1.9%) + Japan (1.5%) by Revenue |
ManulifeREIT USD |
FY16 – IPO |
$0.850 |
3.650 |
6.397% |
$0.780 |
36.80% |
Offices : USA (3) |
Mapletree Ind Tr |
Q1 – Jun16 |
$1.810 |
2.850 |
6.298% |
$1.370 |
28.20% |
Industrial (85) |
Ascendas Reit |
Q1 – Jun16 |
$2.450 |
3.996 |
6.221% |
$2.000 |
37.00% |
Industrial : Singapore (85%) + Australia (11%) + China (4%) by Valuation |
Frasers L&I Tr |
FY16 – IPO |
$0.990 |
2.030 |
6.135% |
$0.876 |
25.70% |
Industrial (Australia) – 51 |
Suntec Reit |
Q2 – Jun16 |
$1.670 |
2.501 |
6.074% |
$2.101 |
34.70% |
Retail (40%) + Office (41%) + Convention (19%) by Revenue |
Keppel Reit |
Q2 – Jun16 |
$1.065 |
1.610 |
6.047% |
$1.410 |
39.00% |
Office (8) : Singapore (90%) + Australia (10%) by Asset Value |
CapitaCom Trust |
1H – Jun16 |
$1.505 |
4.390 |
5.834% |
$1.720 |
29.80% |
Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income |
SPHREIT |
Q3 – May16 |
$0.965 |
1.360 |
5.679% |
$0.940 |
25.70% |
Retail (2) |
Keppel DC REIT |
1H – Jun16 |
$1.210 |
3.340 |
5.521% |
$0.884 |
29.10% |
Data Centres – 9 + 1 (Under Devt) |
Frasers Cpt Tr |
Q3 – Jun16 |
$2.140 |
3.040 |
5.518% |
$1.900 |
28.50% |
Retail (6) + 31.17% of Hektar (MREIT) |
CapitaMall Trust |
Q2 – Jun16 |
$2.140 |
2.740 |
5.294% |
$1.870 |
35.30% |
Retail (16) + Office |
Mapletree Com Tr |
Q1 – Jun16 |
$1.585 |
2.030 |
5.142% |
$1.294 |
35.00% |
Retail (68.5%) + Office (31.5%) by NPI |
Fortune Reit HKD |
1H – Jun16 |
$9.910 |
24.780 |
5.001% |
$12.770 |
29.80% |
Retail (HK) – 17 |
ParkwayLife Reit |
Q2 – Jun16 |
$2.550 |
3.010 |
4.722% |
$1.640 |
37.80% |
Hospitals + Nursing Homes = 48 : Singapore 59% + Japan 41% by Gross Revenue |
Saizen REIT |
2H – Jun15 |
$0.101 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 29-Jul-16
- FHT : DPU Not Paid as Semi-Annual Payout Policy
- MGCT : DPU Not Paid as Semi-Annual Payout Policy
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun16) + 1.26ct (Mar16)
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.46ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.01ct (Jun16) + 1.08ct (Mar16)
- CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.82ct = 5.37ct (2H15) + 4.45ct (1H16)
- CRCT : Annualised DPU = 10.70ct
- VIT : Annualised DPU = 7.038ct
- MCT : Above Yield is Computed using last 4Qs DPU : 8.15ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.03ct (Jun16) + 2.02ct (Mar16)
- PLife : Annualised DPU = 12.04ct
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun16) + 2.95ct (Mar16)
- MLT : Includes 0.06ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.79ct (Jun-16) if Excl Divestment Gains
- Sabana : Annualised DPU = 4.95ct
- FCOT : Annualised DPU = 9.69ct ; Includes $0.9m from China Square Land for Hotel Payment
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.74ct (Jun16) = 11.33ct
- Cambridge : Annualised DPU = 4.312ct
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.241ct = 3.889ct (Q216) + 7.356ct (2H16) + 3.996ct (Q117)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.144ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.501ct (Q216) + 2.371ct (Q116)
- AscottREIT : Above Yield Uses Latest 4Qs DPU = 3.875ct (1H16)) + 4.138ct (2H15) = 8.013ct ; Actual DPU Payout = 2.29ct (23-Mar-16 to 30-Jun-16) as Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid
- CLT : Annualised DPU = 8.0ct
- FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.040ct (Jun16) + 3.039ct (Mar16) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- FirstREIT : Annualised DPU = 8.49ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.36ct (May16) + 1.40ct (Feb16) =5.48ct
- Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.020 fm Yahoo Finance
- Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
- BHG REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above DPU for the Period 11-Dec-15 to 31-Mar-16
- IREIT : DPU Not Paid as Semi-Annual Payout Policy
- OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
- OUE H-Trust : Actual DPU Payout = 1.1ct (1.47ct if Rights Shares Not Entitled) ; Above Yield Uses Proforma FY15 DPU from Rights Circular
- A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
- IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
- BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
- Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
- OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
- IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
- Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
- IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
- FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
- OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
- Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
Shipping Trusts (non-REITs)
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
FSL Trust^ |
Q1 – Mar16 |
$0.179 |
0.00 |
0.000% |
$0.440 |
Shipping Trust |
RickmersMaritime |
Q1 – Mar16 |
$0.079 |
0.00 |
0.000% |
$0.410 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3438 : US$1 fm Yahoo Finance)
- Rickmers
: DPU Suspended fm Q315 - FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13
Other Trusts (non-REITs)
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
Kep Infra Tr |
Q2 – Jun16 |
$0.505 |
0.93 |
7.366% |
$0.324 |
Infrastructure |
Ascendas-iTrust |
Q1 – Jun16 |
$1.015 |
1.36 |
5.360% |
$0.650 |
India – Industrial Park (6) |
Indiabulls Trust |
2H – Mar16 |
$0.255 |
0.00 |
0.250% |
$1.710 |
India – Office |
HPH Trust USD |
1H – Jun16 |
$0.475 |
14.00 |
8.873% |
HK$4.66 |
Ports – HK (41%) + China (59%) by Revenue |
Religare Htrust |
2H – Mar16 |
$1.010 |
3.82 |
7.564% |
$0.927 |
India – Healthcare (18) |
Croesus Rtrust |
Q3 – Mar16 |
$0.855 |
1.86 |
8.819% |
Y73.65 |
Japan – Retail (8) |
Asian Pay TV Tr |
Q1 – Mar16 |
$0.565 |
1.63 |
11.504% |
$0.820 |
Taiwan PayTV |
Accordia Golf Tr |
2H – Mar16 |
$0.670 |
4.31 |
9.896% |
$0.890 |
Japan Golf Courses – 89 |
NOTES :
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7587 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun16) = HK14.0ct + 2H (Dec15) = HK18.7ct
- a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
- Accordia : Above Yield Computed Using DPY = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
- Religare
: FY17 DPU Payout Reduced to 95% from current 100% - CroesusRT : Exchange Rate Y100 = S$1.3097 ; Annualised DPU = 7.54ct ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.95 ; FY18 @ Y76.43
- APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
- Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
- RHT : DPU Not Paid as Semi-Annual Payout Policy
- APTT
: FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct) - Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
- KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
- Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
- Forterra : Delisted on 13-Feb-15 9AM
- PCRT : Delisted on 5-Feb-15 9AM
- APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
- Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
- Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
- Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
Comments are Closed